In 1978, Trump launched his Manhattan real estate business with the purchase of 50% stake in the Commodore Hotel. The purchase of the hotel was largely funded by a $70million construction loan. The hotel was reopened after remodeling in 1980 as the ‘’Grand Hyatt Hotel’’ located at Grand Central Terminal. By 1978 Trump started his new project of ‘’Trump Tower’’ a 58 story, 202- meters (633-foots) skyscraper in Midtown Manhattan. In 1988 Trump purchased his third casino in Atlantic city, ‘’The Taj Mahal’’ the casino was opened on April 1990 the total cost of the casino was around $1.1billion at that time the casino Taj Mahal was the most expensive and luxurious casino of all